Nearly N30 billion in pension contributions is currently stuck with Pension Fund Administrators (PFAs) instead of reaching employees’ accounts. The National Pension Commission (PenCom) attributes this N29.84 billion backlog to employer errors, such as inconsistent data and irregular schedules, which prevent the transfer of funds to individual Retirement Savings Accounts (RSA). Stanbic IBTC accounts for […]
read more Pension remittance failures leave N29.84bn in limbo